EchoStar Dishes It Out

It grabs new customers.
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EchoStar

(DISH) - Get Report

legged it out against the triple-play threat from cable companies and telcos.

The Dish network satellite TV operator posted surprisingly strong subscriber gains, adding 295,000 net new users in the third quarter, taking its total customer count to 12.7 million.

Subscriber growth was expected to stop as bundled TV, Internet and phone service offerings from cable outfits like

Comcast

(CMCSA) - Get Report

and

Cablevision

(CVC)

, as well as phone companies like

Verizon

(VZ) - Get Report

and

AT&T

(T) - Get Report

, pull in more customers looking for discounted all-in-one packages.

But clearly the increased competition has cut into the Englewood, Colo., broadcaster's bottom line.

Net income for the quarter ended Sept. 30 was $140 million, or 31 cents a share, up from an adjusted profit of $136 million in the year-ago period.

Analysts had expected a 38-cent profit, according to Reuters Research.

Third-quarter sales were $2.47 billion, up 16% from $2.13 billion a year ago.

Analysts were looking for sales of $2.44 billion in the period.

EchoStar shares rose $1.88, or 5%, to $36.77 in midmorning trading Tuesday.